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re: Low Gas Prices, People don't understand the Problems
Posted on 1/5/15 at 3:38 pm to crimsonsaint
Posted on 1/5/15 at 3:38 pm to crimsonsaint
You will be crying when fuel prices are higher than they were last year because all of the non-OPEC exploration/production that was stopped just so you could get gas cheap for a couple of months.
0
Posted on 1/5/15 at 3:38 pm to magildachunks
quote:
It's 2015.
Hopefully by then we'll have Mr. Fusion so we can run our cars on garbage
Mr. Fusion only ever powered the Flux Capacitor. The Delorean still ran on an internal combustion engine.
Posted on 1/5/15 at 3:39 pm to magildachunks
quote:
So those companies should take a loss for America and not slowdown/shutdown production is what you are saying
It's too bad the real world doesn't work like that..
OPEC has enough oil to bury the world's non-OPEC production if they choose to do so.
This post was edited on 1/5/15 at 3:48 pm
Posted on 1/5/15 at 3:45 pm to crimsonsaint
quote:
So I should pay higher gas prices so ppl that idk can keep their jobs? Don't think so.
I bet you bitch when the job market is shite, about American jobs shipped over seas, and about the US not being energy independent.
Posted on 1/5/15 at 3:51 pm to America
81% of the world's oil reserves are controlled by OPEC. Hard to find sympathy for workers in a price controlled market.
Posted on 1/5/15 at 3:56 pm to Aubie Spr96
So are all these O&G workers that will lose their jobs bc of low gas prices only working because of the inflated prices the last few years?
Posted on 1/5/15 at 4:03 pm to Mobiletiger
..and what people don't realize is that the increase in oil (per barrel) had a domino effect across the entire industry: equipment, labor, etc all increased as oil prices rose.
Those cost increases won't drop, at least in the near-term, which will cripple non-OPEC production, and force mass layoffs across the board.
What will happen when OPEC decides the world has had enough? Record high fuel prices.
Those cost increases won't drop, at least in the near-term, which will cripple non-OPEC production, and force mass layoffs across the board.
What will happen when OPEC decides the world has had enough? Record high fuel prices.
This post was edited on 1/5/15 at 4:04 pm
Posted on 1/5/15 at 4:05 pm to Mobiletiger
Job markets and industries change. If people can't diversify and adapt, they will get left behind
Posted on 1/5/15 at 4:06 pm to LSUAlum2001
quote:
Record high fuel prices
Posted on 1/5/15 at 4:07 pm to malvin
..at that point, the economy will be in the shitter again.
Posted on 1/5/15 at 4:09 pm to America
Saved money doesn't disappear into thin air. If they aren't spending a certain amount of money on gas, they will probably spend that difference on some other service/product/entertainment/consumption item and those industries will grow.
Saying we should think about jobs when we think about the price of goods and services just invokes artificial job creation and planned obsolescence. Yuck.
Saying we should think about jobs when we think about the price of goods and services just invokes artificial job creation and planned obsolescence. Yuck.
Posted on 1/5/15 at 4:20 pm to America
I didnt see anyone crying when all the factories went to China and turned the mid west into the rust belt. No one is entittled to a job.
Posted on 1/5/15 at 4:24 pm to Commandeaux
shite.
Now XOM/Shell/Phillips can profit $200B instead of $400B.
Breaks my fricking heart.
You will NEVER convince me that these companies don't habe more than enough money.
Now XOM/Shell/Phillips can profit $200B instead of $400B.
Breaks my fricking heart.
You will NEVER convince me that these companies don't habe more than enough money.
This post was edited on 1/5/15 at 4:25 pm
Posted on 1/5/15 at 4:36 pm to America
The ones bitching on social media are the stay-at-home housewives driving $50K SUV's while their husband is gone half the time.
One income family driving $50K vehicles living in double wide trailers.
I laugh every time I see their posts!
One income family driving $50K vehicles living in double wide trailers.
I laugh every time I see their posts!
Posted on 1/5/15 at 4:37 pm to Prominentwon
Well, hello Mr. Communist.
Posted on 1/5/15 at 4:37 pm to BayouNation
What does their husband being gone half the time have to do with it?
Posted on 1/5/15 at 4:41 pm to jimbeam
quote:
What does their husband being gone half the time have to do with it?
they taking that bbc, while the hubby is away
Posted on 1/5/15 at 4:41 pm to LSUAlum2001
quote:
What will happen when OPEC decides the world has had enough? Record high fuel prices.
The months of low fuel prices will be eclipsed by high fuel prices that come about from OPEC making that call.
Posted on 1/5/15 at 4:48 pm to Scrowe
quote:
The months of low fuel prices will be eclipsed by high fuel prices that come about from OPEC making that call.
And when the higher prices return, E&P will pick up again to drive the prices back down. Let the market decide. People here are essentially bitching that SA is no longer artificially inflating the price of oil.
Posted on 1/5/15 at 4:49 pm to Prominentwon
quote:
You will NEVER convince me that these companies don't habe more than enough money.
Oil and gas profit margin is actually middle of the pack when compared to other industries.
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